Bolt marks 10 years in Nigeria with ₦140B investment as Uber exits

Bolt celebrates a decade in Nigeria this week, announcing ₦140 billion invested since its 2016 launch, 14 million riders served, and 470,000 income opportunities created across 31 cities—the widest reach of any ride-hailing platform in the country. Regional Director Caroline Wanjihia says the milestone reflects Bolt's focus on accessible urban mobility and driver earnings, with expansion beyond major urban centres to serve more communities.

The company's staying power contrasts sharply with Uber's September 2 exit after 12 years in Nigeria, citing unfavorable market conditions. Bolt now operates unchallenged as the dominant global ride-hailing player in Africa's largest economy, with plans to deepen investments and explore new opportunities in the transportation ecosystem. Globally, Bolt runs in 850+ cities across 50+ countries, serving 200 million customers with 4.5 million drivers.

For the 470,000 Nigerians earning through Bolt's platform and millions of riders across 31 cities, the question is whether Bolt can sustain service quality and driver satisfaction at scale without competitive pressure. Will Bolt's monopoly position improve or degrade the ride-hailing experience for Nigerian users?

SOURCE: https://nairametrics.com/2026/11/11/bolt-says-over-n140-billion-invested-in-nigeria-in-10-years/